Auction Items For Sale
ESTATE LAND AUCTION
+/- 253.41 Acres of Productive High Percentage Tillable & Well Located Highland Township,
Lincoln County, SD Land - Situated in an Excellent Agricultural Area Between Canton SD & Norway Center and adjacent to the Newton Hills Road and directly East of the Fairview Exit #56 on I-29
On behalf of the Heirs of Donald & Opal Rikansrud, Chuck Sutton Auctioneer & Land Broker, LLC will offer the following real property at auction at the land located from the west edge of Canton, SD (Jct. Hwy’s. #11 & #18) – 6 miles south on Hwy. #11 to the NW Corner of the Land at the Jct. of Hwy. #11 & Co. Hwy. #140 (288th St.); from the Fairview, SD-Newton Hills Exit #56 on I-29 – 8 ½ miles east; from Norway Center – 5 miles north on Hwy. #11 to the SW corner of the land; or from Beresford, SD – 7 miles east on Hwy. #46 and 8 miles north on Hwy. 11 to the SW corner of the land.
THURSDAY MORNING NOVEMBER 2, 2017 SALE TIME: 10:00 AM
AUCTIONEERS NOTE: This auction awards an opportunity to purchase this land with a high percentage tillable which is located in an excellent agricultural area of Lincoln County SD. If you are in the market for land as an addition to a row crop farming operation or as an investment, you will want to inspect this property and plan to attend this auction!! Chuck Sutton
This Choice +/- 253.41 Acres of Lincoln County, SD land will be offered TRACT #1 – The North 97.96 Acres, TRACT #2 – The South 155.45 acres or as TRACTS #1 & #2 Combined the 253.41 Acre Unit. The land being offered for sale on this auction is a choice parcel of land with some very high caliber soils and has a relatively high percentage tillable with the exception of some drainageway and the roadways which border three sides of the land. According to FSA information this 253.41 acre farm has approximately 245.50 acres of cropland, with a 124.10 acre corn base with a 137 bu. PLC yield and a 121.40 acre soybean base with a 39 bu. PLC yield and is enrolled under the ARC County election of the USDA farm program. According to the Lincoln County Assessor this farm has excellent overall soil ratings with Tr. #1 at .871 and Tr. #2 at .874, similarly info. obtained from Surety AgriData, Inc. indicates this land has a Productivity Index of 87.3 on the property in it’s entirety and is comprised of predominately Class I & II Soils (+/-99%), with some lower caliber soils in the drainage and lowland areas. The general topography of this land is gently rolling to rolling. According to Lincoln Co. P&Z this property has a total of 6 rural housing eligibilities - 2 on Tr. #1 & 4 on Tr. #2. This property has potential to fulfill the needs of a variety of buyers including those looking for extremely high quality productive cropland or investors in the market for land. This is a very desirable parcel or parcels of land that must be seen to be appreciated!!
LEGAL DESC.: TR. #1 – The W½ NW¼ and the W. 30 Acres of the NE ¼ NW ¼, except Rikansrud’s Add’n. & Exc. Lots H-3 & H-4 – containing 97.96 acres more or less; TR. #2 – The SW ¼, except Lot H-2 - containing 155.45 acres more or less; all in Sec. 22, T. 97N., R. 49W., (Highland Twp.), Lincoln County, SD
TERMS: CASH - A 10% nonrefundable earnest money payment on the day of the sale and the balance on or before December 20, 2017 with full possession for the 2018 crop year; possession will be subject to the existing tenant’s rights under their current farm lease and their rights to harvest the 2017 crops. Marketable Title will be conveyed and an Owner’s Title Insurance policy(s) will be provided with the cost of the owner’s policy divided 50-50 between the buyer and seller. The acres in this farm are based on the acres as stated on the county assessor’s records, with the acres understood to be “more or less”. The sellers do not guarantee that existing fences lie on the true and correct boundary and any new fencing, if any, will be the responsibility of the buyer(s) pursuant to SD Law. All of the 2016 RE taxes due in 2017 in the amounts of $2,457.52 on Tr. #1 & $3,915.30 on Tr. #2, as well as all of the 2017 RE taxes payable in 2018 will be paid by the sellers. This property is sold in “As Is Condition” and the information contained herein is deemed to be correct, but is not guaranteed. FSA cropland acres, yields, bases & other information are estimated and subject to County Committee approval. This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all Lincoln.Co. Zoning Ordinances. The RE licensees in this transaction are acting as agents for the seller. Sold subject to confirmation of the heirs.
For additional information, contact the auctioneers or see www.suttonauction.com
HEIRS OF DONALD & OPAL RIKANSRUD, Owners
Marcia Holman – Trustee of the Rikansrud Revocable Trust
CHUCK SUTTON - Auctioneer & Land Broker -
Sioux Falls, SD - ph. 605-336-6315 & Flandreau, SD - ph. 605-997-3777 &
JARED SUTTON – RE Auctioneer & Broker Assoc. – Flandreau, SD – ph. 605-864-8527